Despite a global sales record indicating that first half of 2016 was the best ever for some organisations, Nigerian vehicle dealers have continued to groan under sales drop owning to government policies and economic turbulence. Infiniti said it finished the first half of 2016 with a new sales record, which marks the organisation’s best June ever, thanks to key markets […]
Continue reading »
As part of measures to support Nigeria’s National Automotive Industry Development Plan (NAIDP, representative of Suzuki Motors in Nigeria, Boulos Enterprises Limited said it will soon begin to roll out Suzuki vehicle in the country. The organisation, which ceased its representation of a three-wheeler, Piaggio earlier in the year, told The Guardian in Lagos that it has made progress in […]
Continue reading »
There were palpable sighs of relief in the crowded hall at a hotel in Victoria Island, Lagos, during the week, when the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah assured stakeholders in the auto industry that the Federal Government would implement the National Automotive Industry Development Plan (NAIDP), and not scrap it. “The FGN has identified the auto […]
Continue reading »
Globe Motors Nigeria, says it has concluded plans to roll out its $150 million (N29.55 billion) auto assembly plant next month in Lagos which has the capacity to produce 6,000 vehicles annually at the start. Chairman of Globe Motors Holdings, Mr. William Anumudu, told journalists in Lagos that over 10,000 jobs would be created indirectly as a result of the […]
Continue reading »
The National Automotive Design and Development Council (NADDC), yesterday, said the total installed vehicle assemblage capacity in the country will reach 200,000 before the end of the year. With new automakers, including Century Auto (Toyota), TATA, Coscharis Auto (FORD, Joylong, Dongfeng), Globe Motors (Higer, Globe), Leventis (FOTON -Diamler), Kewalram Chanrai (GM, Mitsubishi) and Tilad (Shinery), Director General of NADDC, Aminu […]
Continue reading »
A Boost to Employment: Flying a Ruse! It was also stated that the new tariff will create employment almost immediately. Two employment generating windows were identified as possible spinoff of the new tariff regime. First, it is claimed that many multinational car manufacturers will, on account of the new tariff regime, be induced or practically fall over themselves to set […]
Continue reading »